Beacon Development Group Knows How to Have Summer Fun!

Posted by beacon on Fri, Oct 11, 2024 at 9:12 PM

Beacon, California, Press, Uncategorized, Washington

This summer, our teams in California and Washington came together for an unforgettable series of events that celebrated collaboration, innovation, and community spirit.

In California, the BDG summer outing in San Francisco was a true highlight! The day began with an intriguing visit to Alcatraz Island, where the team explored the infamous old federal prison and soaked up its rich history. Following that adventure, they enjoyed a leisurely stroll along the vibrant Fisherman’s Wharf, culminating in a delightful lunch at Scoma’s Restaurant. It was a perfect blend of fun, food, and exploration!

Meanwhile, our WA team embraced a beloved Seattle tradition by attending a Mariners game. The festivities kicked off with tasty game day bites at Hatback’s restaurant, and the excitement continued as we headed to T-Mobile Park to cheer on the Mariners in their victory over the Tampa Bay Rays. With sunshine, thrilling baseball, and the camaraderie that defines our team, it was a day to remember.

Here’s to more amazing moments together!

Construction Completion of Morgan Hill Senior Housing

Posted by beacon on Mon, Sep 16, 2024 at 8:38 PM

California, Construction, Senior Housing, Sustainable Buildings

We are excited to celebrate the recent completion of the Morgan Hill Senior Housing community. This community is a partnership between HumanGood Affordable Housing and Sunnyvale Life, Inc and is our second project collaboration together in the South Bay Area. This new construction 3-story apartment building consists of 81 one-bedroom apartment units which will serve low-income seniors 62+ and with disabilities.

The community is also partners with Santa Clara Health Plan (SCHP), a community-focused health plan committed to improving health and wellness. Fourteen (14) units are reserved for Special Needs residents who are transitioning from skilled nursing facilities to independent living.

Morgan Hill Senior Housing offers a range of amenities designed to enhance the lifestyle of its residents. Interior features include a welcoming lobby, offices for the manager and service coordinator, a community room, a secured laundry room, a media room, a fitness center, and a third-floor roof deck with open space. Outdoor amenities include a meditation court, a beautifully landscaped courtyard with raised planters managed by residents, and an outdoor BBQ area.

Oregon and California Project Finance Closings

Posted by beacon on Tue, Mar 19, 2024 at 9:22 PM

Acquisition/Rehab, California, Oregon, Senior Housing

Rendering by DBA Architecture and Planning, PC

We are proud to announce the recent closing on two affordable senior housing communities. We completed our first acquisition-preservation l closing in the state of Oregon for the rehabilitation of Olive Plaza Apartments. This 12-story apartment building with 150 one-bedroom units is located in downtown Eugene. With the help of The City of Eugene, Oregon Housing and Community Services, HUD, Enterprise and Umpqua Bank, we will be able to modernize the 40-year-old building and preserve and extend the HUD Section 8 HAP for another 20-years. This will allow us continue serving low-income seniors 62 years of age and older.

In addition, Clark Terrace in Norco, California also closed financing. This project is the third rehabilitation Beacon Development Group and HumanGood Affordable Housing have undertaken under HUD’s RAD for PRAC (Rental Assistance Demonstration for Project Rental Assistance Contracts) program. Clark Terrace two adjacent 2-story apartment buildings consisting of 80 one-bedroom total units which serve low-income seniors 62 years of age and older.

Canterbury Village & The Gardens Construction Completion

Posted by beacon on Fri, Dec 22, 2023 at 7:14 PM

California, Construction, Occupied Rehabs, Senior Housing

Following several years of advocacy and the historic overhaul of HUD’s RAD for PRAC (Rental Assistance Demonstration for Project Rental Assistance Contracts) program, Beacon is happy to announce the completed redevelopments of one of the first RAD for PRAC (LIHTC) funded projects in the nation. Canterbury Village and The Gardens which provide 64 and 75 units respectively, have both reached construction completion! Canterbury Village in Santa Clarita, CA completed construction in June 2023 after a 13-month rehab. Meanwhile, The Gardens in Glendale, CA finished rehabilitation a few months later in August 2023 after 14-months.

Both projects included renovations of their property management offices, laundry rooms, libraries and community rooms. The building’s plumbing, HVAC, and electrical systems were completely overhauled. New mailbox locations and elevator shafts work has been completed as well. On the exterior; window framing, paint, egress and parking pavement have been updated. Residents enjoy remodeled kitchens, new bathroom, flooring, and windows.

These 139 units, which have provided housing to low-income seniors for over 30 years, will now be able to continue to serve the community for the next 30 years.

MORGAN HILL SENIOR HOUSING REACHES 50% COMPLETION

Posted by beacon on Thu, Dec 7, 2023 at 5:53 PM

California, Construction, Senior Housing

In the South Bay Area of Northern California, Morgan Hill Senior Housing, the partnership community between HumanGood Affordable Housing and Sunnyvale Life, Inc. has reached its 50% construction completion milestone. This 3-story apartment’s new construction consists of 82 large one-bedroom units which will be serving low-income seniors 62+ and adults with disabilities.

On the building’s interior, the rough mechanical, electrical and plumbing are being completed along with the roofing and window installation. In the coming months, the building exterior stucco and paint, outdoor, drought tolerant landscaping, and a covered walkway to the drop-off area and resident parking lot will be completed. Solar stanchions have been installed throughout the entire roof top to accommodate for the photovoltaic solar panels to power this fully electric building. Interior features include a welcoming lobby, manager and service coordinator offices, community room, secured laundry room, fitness center and lounge on the 3^rd floor with roof deck open space.

This is the second affordable housing partnership project between HumanGood Affordable Housing and Sunnyvale Life, Inc. with their first being a rehabilitation of Life’s Garden community in Sunnyvale, CA back in 2016. Construction completion of Morgan Hill Senior Housing is scheduled for summer 2024.

HumanGood provides clean, renewable energy for residents and communities

Posted by beacon on Fri, Jul 7, 2023 at 5:16 PM

Acquisition/Rehab, California, Construction, Sustainable Buildings, Washington

Solar panel installation reduces carbon footprint and costs for affordable housing sector.

HumanGood has been making strides in our efforts to reduce its carbon footprint and costs for our properties and residents. Beacon Development Group, HumanGood’s development arm, has been installing solar panels on new affordable housing communities and rehabilitation projects using two solar technologies: solar photovoltaic, which uses sunlight to generate electric currents, and thermal, which uses sunlight to heat water used in the communities. Currently, more than a dozen affordable housing communities own their own solar system whether it is solar electric or solar hot water. Outside ownership, there are also other options to provide these technologies for our communities.

The Solar on Multifamily Affordable Housing (SOMAH) and Multifamily Affordable Solar Housing (MASH) programs help provide clean energy and save costs for residents at no cost to the property. The programs are offered to select California utility providers and present financial benefits, improve environmental sustainability, and offset the costs of climate change for communities. Approximately 50 percent of the solar produced will reduce residents’ energy bills while the other 50 percent benefits the communities themselves.

“We have the footprint across our portfolio to use the sun to power our buildings and in some cases, heat the water used by our residents,” said George Sousou, construction management director, Beacon Development Group. “There are many benefits to solar whether it’s the reduction in our buildings’ carbon footprint, the cost savings to daily operations and residents, or just doing our part of being responsible building owners.”

Beacon’s construction management department installed solar technology on four HumanGood affordable housing communities across California through the SOMAH program: Valley Vista, Judson Terraces Homes, Life’s Garden, and Sycamore Terrace. Fern Lodge is also 75 percent complete with its installation. Beacon plans to complete installation at six more communities in the next year under a contract with SunRun.

“I hope to one day see solar and other renewable energy alternatives across our entire portfolio of affordable housing and life plan communities,” said Sousou. By the end of 2024, Beacon plans to install solar panels in a total of 23 HumanGood affordable housing communities in California.

Castle Argyle wins in 60th Annual Gold Nugget Awards

Posted by beacon on Mon, May 22, 2023 at 5:11 PM

Awards & Recognition, California, Senior Housing

HumanGood affordable housing community Castle Argyle was recently announced as a winner in the 60^th Annual Gold Nugget Awards 2023 Award of Merit list for Best Affordable 55+ Housing. According to the Gold Nugget Award website, Award of Merit winners are selected by a panel of top industry experts who reviewed nearly 650 entries that showcase the most exciting trends in design, planning, and building. Castle Argyle serves seniors 62+ and adults 18+ with disabilities earning less than 50% of the area median income. With efforts from Beacon Development Group, Walton Construction, and Relativity Architects, the nearly 100-year-old building underwent renovations in 2022 that feature upgraded units and common spaces, energy-efficient appliances, new elevators and HVAC systems. The exterior also features new landscaping and a unique, custom mural by Puerto Rican-based artist Roberto Biaggi. Restoration of the Castle Argyle building was brought back to its classic Hollywood style.

“I want to recognize the perseverance, innovation, and resilience of the entire design, development, operations, and resident services team, that overcame so many challenges to do what is right,” said Cindy Proctor, vice president at Beacon Development Group. “They, along with the residents themselves, endured COVID-19 isolation, temporary relocations, and the stress of rehabilitating the building.” Castle Argyle’s renovations were graciously funded by Citi Bank and U.S. Bank, and the United States Department of Housing and Urban Development.

The Golden Nugget Awards celebrates art, innovation, and development in categories such as senior housing, mixed-use, educational, and indoor-outdoor lifestyle. The awards are presented at the Pacific Coast Builders Conference, the leading event of Leading Builders of America. This year, the event will be held on May 24 in Anaheim.

Canterbury Village & The Gardens Construction Update

Posted by beacon on Wed, Jan 25, 2023 at 4:46 PM

Beacon, California, Construction, Senior Housing

The redevelopment of the 64-unit Canterbury Village in Santa Clarita, CA and 75-unit The Gardens in Glendale, CA have both reached 50% completion. Canterbury Village started its rehab in May 2022 with completing 4 out of its 6 phases. Closely behind, The Gardens started its rehab in June 2022, with completing 5 out of its 9 phases of the renovation. Completed rehab to date includes renovations of their property management offices, laundry rooms, libraries and community rooms. New mailbox locations and elevator shafts work has been completed as well. Both properties are expected to be completed by mid-2023.

Financing Secured For A New 83 Unit Community In Morgan Hill

Posted by beacon on Thu, Dec 1, 2022 at 12:26 AM

Beacon, California, Construction, Senior Housing

HumanGood Affordable Housing in partnership with Sunnyvale Life, Inc. has secured financing for a new affordable housing community in Morgan Hill, CA. Morgan Hill Senior Housing will be a 3-story apartment building consisting of 83 large one-bedroom units serving low-income and special needs seniors.

Outdoor amenities include a central courtyard, raised planter beds, drought tolerant landscaping, a covered walkway and drop-off area that leads to 37-pervious resident parking spaces. Equipped with photovoltaic solar panels on the roof top, this apartment building will be fully electric only. Interior features include a welcoming lobby, manager and service coordinator offices, community room, secured laundry room, media room, fitness center and a 3rd floor roof deck open space. The total building square footage is estimated to be 69,825 sq. ft.

Castle Argyle Grand Opening

Posted by beacon on Mon, Nov 14, 2022 at 11:53 PM

Beacon, California, Project Openings, Senior Housing

After nearly two years of construction, Beacon Development Group and HumanGood Affordable Housing celebrated the grand reopening of Castle Argyle Apartments in Los Angeles, CA. With construction completed back in May 2022, this 96-unit senior housing community has been redeveloped to be better than ever.

The building renovations included seismic upgrades; new mechanical systems such as two new elevators; new electrical systems and energy upgrades through solar voltaic panels to help offset electricity costs; as well as new plumbing systems. On the interior, the grand lobby was designed to highlight is classic Hollywood style and new offices layouts including space for resident services and a nurse. All unit interiors received new appliances, kitchens, and bathrooms. Each unit also received a central heating and air conditioning system for the first time. Exterior site work upgrades include new drought-tolerant landscaping and concrete/asphalt repaving, exterior building repairs and painting.

The iconic “Castle Argyle” sign that sits atop the building and the historic “Castle Argyle Arms” sign above the entry staircase on Argyle Avenue were also restored to its original neon colors and are fully operational again. Two new murals were also added; one inside the lobby and an external mural on the parking structure wall. The lobby mural provides a decorative and welcoming visual feature for residents and visitors which has a prominent position upon entry. The exterior mural serves not only as a powerful artistic feature enhancing a large concrete wall, but also represents the diverse history of Castle Argyle, its residents and the community. Muralist Roberto Biaggi, an artist based in San Juan, Puerto Rico who has over 125 international installations, developed the final design.

A combination of tax-exempt bonds and low-income housing tax credits was used to fund the rehabilitation of the entire building. The tax credit equity partner and construction lender for the building was U.S. Bank, and permanent financing was provided by Citibank Community Capital. Special thanks are due to the project team of Relativity Architects and Walton Construction, the general contractor.

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